GODREJPROP Spot is forming CUP WITH HANDLE pattern on daily Chart. If Breakout neckline (1450) and hold. it may give marked target to validate this pattern successfully. VIEW NEGATED BELOW - 1379 (DCB).
Godrej Properties had a clear breakout from the descending triangle pattern, so give an entry with appropriate Stop loss 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after...
Positional Trade: Buy: Godrej properties CMP: 1436 Target: 1570 Stop Loss: 1390 Holding Period: 1 month Please like and Follow if you find it useful.
GODREJPROP CAN GIVE A GOOD RR TRADE. (for educational purpose only)
The stock has given Triangle Breakout on the daily chart. ADX is also indicating strength in up movement. We can expect price movement up to 1395 / 1445 in the near term. Also holding long can give us price movement up to 1668.
The stock is ready to give a breakout after taking support from area of confluence. The stock can turn out to be a good swing trade for the coming sessions.
if candle does not close above red line then we can see move as shown with arrows good luck
Trading at support level in box..wait for the breakout
With Sl just below the trendline can catch a big reversal move positionally.
Place SL below the support and enter.Good Risk:Reward
NSE:GODREJPROP As we discuss in previous chart analysis. Target Achieved.
One can intitate Short position in GODREJ PROPERTIES with minimum target of 907
Price rejecting from the trend line for consecutive number of times since after setting a new high. Now price almost reached the support and it is getting ready to break.